Us China Trade Imbalance, Who To Blame For?

1452 words - 6 pages

“Made in China” is a label we can find nearly every product in the US consumer market, moreover the world market. The products that are made-in-China replaced the made-in USA gradually and nowadays it is hard to find the products which are not made in China, all over the world. The US was the biggest supporter of the growth in Chinese Economy and the National power, unintentionally. China was able to take over world’s processing industry because America gave up the industry. It allowed China to become the world number one merchandise manufacturer in these days. As their Economy grew, the China’s national power grew up as well. Now, China is one of the world’s economic leaders as well as the United States of America. Though, as the process of Chinese economic and national power grow, an intricate conflict with America has begun; as a root of trade imbalance. The trade deficit of China caused economic depression in the States and the citizens blamed China for all the accompanied issues. However, China did not stir up the economic, racial and politic issues that America faced.

According to the U.S Department of Commerce, in January of this year American imported $ 38,187 million and exported $ 10,357 million already made $27, 839 deficit in 2014. The total trade deficit was $318,417 million in 2013, when it was $226,877million in 2009 and $ 162.254 million in 2005. The imbalance has been rose every year henceforth China became the member of the World Trade Organization (WTO) in 2001, the Chinese economy was growing by 18% each year when the US below 3%. Confronting the trade imbalance with a developing country is not the first time for the US. As the precedent, American consumable market was the driving force of the Japanese economic growth when Japan was becoming industrialized. The Japanese were versatile, they caught advanced technologies up quickly enough to become a competitor of America within those 10 years of their economy growth. The Japanese were transferring from labor intensive to technology compact businesses as they learn the cutting-edge technology. And then, Japan became rival of America in steel, automobile, home appliance and semiconductor industries in few years later. Soon, American economy gotten blow by the inflow of the Japanese products in their competition market. The low-in price but high quality Japanese cars brought severe loss in the US car production in 1978- 1980 in particular.
The US-China trade issues are dissimilar to the case of Japan. The relationship of US-China trade is a mutual supplementation theoretically. Instead of blackmailing the US, China has been taking over the unwanted jobs of the American. During 2000 to 2012, textile, clothing, wood-processing, electrical installation industries in the States were falling by 46.1%, 75%, 28.1%, 32.8% and 24.2% each. Whereas the labor-intensive industries were declining in the State, China has replaced the market; the American was concentrating on the high-tech,...

Find Another Essay On US- China Trade Imbalance, Who to Blame for?

505 words - 2 pages
Who Is To Blame?
“Frankenstein”, one of the key texts in modern literature, was written by Mary Shelley in 1818 when she was only 21. The novel was first published anonymously, and the author was only later revealed to be Shelley. When she republished the book in 1831, with changes to the story, Shelley had finally answered the question she had been asked several times: how could such a young girl write about such horrible things? Her answer...

1054 words - 4 pages
“My parents are really well intended, and I think their way of dealing with things is denial and guilt. Nobody wanted to talk about it. But all I did was blame myself.” This quote, said by actress Teri Hatcher about her own childhood relates to Oedipus’s situation from Oedipus Rex by Sophocles. Sophocles‘ Oedipus Rex tells the story of a monarch named Oedipus who becomes the unfortunate victim of circumstances beyond his control. In Oedipus...

1586 words - 6 pages
Who was to blame for the Cold War?The blame for the Cold War cannot be placed on one person -- it developed as a series of chain reactions as a struggle for supremacy. It can be argued that the Cold War was inevitable, and therefore no one's fault, due to the differences in the capitalist and communist ideologies. It was only the need for self-preservation that had caused the two countries to sink their differences temporarily during the Second...

2065 words - 8 pages
The event that occurred on September 11, 2001 was a tragic and heartbreaking scene for the American people. Americans were distraught and an outbreak of fear and devastation swept the nation. Conspiracies have alluded to blaming the government for this catastrophe; however, some controversies put the sole blame on George W. Bush. Many Americans used him as a scapegoat due to emotional instability or timorous feelings towards the attacks....

1592 words - 6 pages
Macbeth, a brave, noble and mighty warrior, and Banquo, his friend and fellow commander of the Scottish army, are returning from battle when they encounter three weird sisters upon the moors. These witches each make a personal prophecy for both Macbeth and Banquo's future, triggering hidden ambition and pride. Macbeth's prophecies lead to regicide, murder and a downward spiral into depression for both him and his wife.Macbeth was the one who...

862 words - 3 pages
1Sometimes when people intend well it could make situation worse. Romeo and Juliet is the play written by William Shakespeare. 2The play is about two families Montagues and Capulets who have been fighting with each other for centuries. 3Unknowingly their Teens Romeo (Montague) and Juliet (Capulet) falls in love with each other and soon they got married. 4Where the Tragedy of the deaths of a young couple resulted from Family feud. 5The death of...

850 words - 3 pages
Macbeth, one of Shakespeare’s tragedies, depicts the treacherous steps that one ambitious man endures to receive the title of kingship. With the company of Banquo, whom the throne will heir to in the future, Macbeth is confronted by three witches who inform him that he will one day be king. Macbeth believes the witches prophecies, therefore deciding that he must rid of all who are of the utmost importance in terms of kingship. Once Macbeth...

828 words - 3 pages
During the Cold War, both USA and USSR have faults. But Stalin's action was most to blame. He has the most aggressive actions compared to the actions done by USA. He did not keep his promise which he had agreed at the Yalta Conference. He had dominated the countries in East Europe and spread Communism, causing dictatorship and people imprisoned due to the disloyalty towards Stalin. Also, a lot of Stalin's actions had offense USA. However, things...

983 words - 4 pages
I'm going to go ahead and claim an uncontested victory here, as you've been completely unable to come back with one argument against the things I've said. Not only have you not come up with any valid points, you haven't come up with any at all. Yet I'm sure you still disbelieve everything I've proven.
I don't hate you Missy, despite what you might think. I pity you. I wish you would open your eyes to the world around you. Read an article not...

2691 words - 11 pages
Who is to Blame for Death in William Shakespeare's Romeo and Juliet
Beliefs are rested on the idea that fate killed Romeo and Juliet.
People at this time also believed in arranged marriages. However many
people and things can be considered to have increased the risk of
their deaths therefore who or what is to blame for the deaths of Romeo
and Juliet?
Friar John must take some of the blame for their deaths, as the
...

1411 words - 6 pages
The Cold War was the elongated tension between the Soviet Union and the United States of America. It was a clash of these supergiants in political, ideological, military, and economic values and ideas. The blame for the Cold War cannot be placed on one person -- it developed as a series of chain reactions as a struggle for supremacy. The conflict in ideologies between capitalism and communism resulted in one of the greatest conflicts of the...

Similar Essays

6553 words - 26 pages
China's state economic planning trade with the world continues to set overall goals for economic activity and to pursue industrial policies built upon domestic content requirements, subsidies, and other trade restrictions barred by the World Trade Organization. These policy tools allow Beijing not only to control demand for imports, but to exercise enormous control over all economic activity in China. Last year, China was the recipient of more...

1508 words - 6 pages
Analysis of the US-China Trade
The U.S. trade deficit has risen more or less steadily since 1992. In the second quarter of 2004, the trade deficit relative to GDP surpassed the 5 percent mark for the first time. Many economists already considered trade deficits above 4 percent of GDP dangerously high. The fear is that continued growth in this external imbalance of the U.S. economy will ultimately spook overseas investors....

1673 words - 7 pages
Due to the nature of Macbeth's downfall it would be difficult to blame a single person for his downfall. The main characters that were at fault in Macbeth's downfall were The Witches, Lady Macbeth and of course Macbeth himself but who is to blame the most out of the three?The Witches played a big part in Macbeth's downfall, as they were the first characters who influenced Macbeth as they met him at the start of the story. The Witches were...

776 words - 3 pages
While there were many factors, which led to Neil's death Keating played a major role. He was Neil's inspiration and role model. It was predominantly Keating's actions that led to Neil's death. Keating held very Romantic ideals which clashed with the schools teachings and set the Dead Poet society members against the school and authority figures like Neil's father.Keating led Neil to believe he could have the support of his parents and an acting...